Petrofac (OTCMKTS:POFCY) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other research firms have also issued reports on POFCY. Royal Bank Of Canada raised Petrofac from an “underperform” rating to a “sector perform” rating in a report on Friday, September 15th. Zacks Investment Research raised Petrofac from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th.

Petrofac (POFCY) traded up $0.08 during midday trading on Friday, hitting $2.89. The company had a trading volume of 7,413 shares, compared to its average volume of 29,268. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 1.28. Petrofac has a 52-week low of $2.20 and a 52-week high of $5.93.

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Petrofac Company Profile

Petrofac Limited, an oilfield service company, provides facilities solutions to the oil and gas production and processing industry worldwide. It operates through three segments: Engineering & Construction, Engineering & Production Services, and Integrated Energy Services. The Engineering & Construction segment provides engineering, procurement, and construction project execution services to the onshore oil and gas industry.

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